Nigeria struggles to ramp up crude oil production in the month of May despite rising oil prices, the latest report from the Organization of the Petroleum...
The Organisation of Petroleum Exporting Countries (OPEC) has increased the oil supply by petroleum exporting countries by 0.648 million per day in July, owing to the...
Relief as US Inflation Offers Hope By Craig Erlam, Senior Market Analyst, UK & EMEA, OANDA European stock markets are heading for the second day of...
On Monday, the Organization of Petroleum Exporting Countries (OPEC) informed the European Union that Russia crude oil sanctions will erase about 7 million barrels per day...
The global Oil Market has become stretched to a point where only a few oil producers are giving their best to replace Russia’s heavy supply that...
Rivers Governor Nyesom Wike has declared war on the rampant oil theft and illegal refining leading to billions in lost revenues for Nigeria and contributing disastrous...
Mohammed Sanusi Barkindo, Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), has said that there is ‘no capacity to replace Russia’s 7 Million Barrels of...
By Craig Erlam, Senior Market Analyst, UK & EMEA, OANDA The sell-off is on hold on Wednesday as investors regroup following another big move lower a...
By Coronation Merchant Bank Economic Research Team The ongoing disruptions in Europe following Russia’s invasion of Ukraine has potential economic implications. The Russia-Ukraine crisis has been...
Oil theft, especially in a developing country like Nigeria is a major factor in the country’s declining economic growth. Experts revealed that in 2021 alone, Nigeria’s...